Triductor(688259)2024-04-24 13:38Financial Performance - The company's operating revenue for 2023 was ¥661,105,242.25, a decrease of 29.05% compared to ¥931,726,979.77 in 2022[22]. - Net profit attributable to shareholders for 2023 was ¥58,439,158.04, down 35.80% from ¥91,022,660.14 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was ¥43,193,147.32, a decrease of 44.93% compared to ¥78,433,804.54 in 2022[22]. - The cash flow from operating activities for 2023 was ¥156,460,367.32, a significant recovery from a negative cash flow of -¥46,006,663.20 in 2022[22]. - Total assets increased by 14.76% to ¥2,523,528,860.19 at the end of 2023, compared to ¥2,199,005,264.86 at the end of 2022[22]. - The basic earnings per share for 2023 was ¥0.73, a decrease of 37.07% from ¥1.16 in 2022[23]. - The diluted earnings per share also stood at ¥0.73, reflecting the same percentage decrease as basic earnings[23]. - The weighted average return on equity for 2023 was 3.90%, down 2.85 percentage points from 6.75% in 2022[23]. - The company's net assets attributable to shareholders increased by 1.35% to ¥1,506,736,989.98 at the end of 2023[22]. Dividend and Share Repurchase - The company plans to distribute a cash dividend of RMB 2.6 per 10 shares, totaling RMB 20,676,610.5 (including tax), which accounts for 35.38% of the net profit attributable to shareholders for 2023[6]. - The total amount of cash dividends, including share repurchase, is estimated to be RMB 33,147,066.79 (including tax), representing 56.72% of the net profit attributable to shareholders for 2023[6]. - The company has implemented a share repurchase plan, with a total expenditure of RMB 12,470,456.29 for share buybacks during the year[6]. - The company plans to use between 20 million yuan and 40 million yuan for share repurchases, having already repurchased 474,575 shares for a total amount of 28,447,649.47 yuan as of March 31, 2024[44]. Research and Development - The company's R&D expenditure accounted for 26.98% of operating revenue, an increase of 4.48 percentage points compared to the previous year[24]. - The company has established multiple R&D departments and product lines, enhancing research efficiency and market response speed through a matrix management approach[50]. - The company has developed HPLC chip solutions that have passed the National Grid testing certification, indicating a strong position in the power line carrier communication industry[67]. - The company has developed several proprietary technologies for access network chips, including multi-channel clock recovery and low-crosstalk time-domain equalization[87]. - The company has achieved significant advancements in analog circuit design technologies, contributing to its power line communication chip solutions[88]. - The company is actively pursuing market expansion and new product development in the broadband and IoT sectors[95]. - The company reported a total R&D expenditure of ¥178,355,506.44, a decrease of 14.93% compared to the previous year[93]. Market Position and Strategy - The company is focused on improving its market position and exploring new strategies for expansion amid challenging market conditions[35]. - The company is committed to providing a fair development platform for employees, enhancing their sense of belonging through various welfare programs[42]. - The company emphasizes a strategic investment plan focusing on finding synergistic enterprises and expanding new business areas to enhance its competitive edge[41]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its product offerings[179]. - The company aims to enhance its technological strength and expand its product line in the semiconductor design industry, focusing on communication SoC chip technology[163]. Governance and Compliance - The board of directors has confirmed the authenticity, accuracy, and completeness of the annual report[4]. - The company has established a sound internal control system to enhance governance and compliance with relevant laws and regulations[173]. - The company has not reported any special arrangements for corporate governance[10]. - The company has not faced any penalties from securities regulatory authorities in the past three years[191]. - The company has established specialized committees under the board, including the audit committee and the strategic committee, to enhance operational efficiency[193]. Risks and Challenges - The company faces risks related to high customer concentration, with significant revenue dependence on major clients like State Grid and Southern Grid, which could impact operations if relationships change[113][114]. - Future revenue risks exist in specific business segments due to potential declines in demand for dual-mode and access network chips, as well as challenges in market expansion[116]. - The company is exposed to foreign exchange rate fluctuations due to a certain proportion of overseas sales and purchases[119]. - The company reported a credit impairment loss of 49.26 million yuan, primarily due to the reversal of previous credit impairment losses[146]. Employee and Management - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to 8.6832 million RMB[188]. - The total remuneration for core technical personnel at the end of the reporting period amounted to 7.1718 million RMB[188]. - The company emphasizes the importance of its remuneration structure in promoting sustainable and stable development[188]. - The number of R&D personnel increased to 139, accounting for 30.62% of the total workforce, while the average salary for R&D staff decreased to 38.22 thousand RMB[100]. Future Outlook - Future guidance indicates a projected growth rate of approximately 10% in revenue for the upcoming fiscal year[179]. - The company is committed to enhancing shareholder value through strategic investments and operational efficiencies[179]. - The company plans to expand its market presence and is focusing on new product development and technological advancements[179]. - The company is investing heavily in R&D, with a budget increase of 25% to 150 million for new technology development[184].